BTCUSD: Reversal Sign again?!

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Good Morning Traders!

BTCUSD formed a hanging man on the daily chart. On some exchanges it is clearer than on others.

A hanging man is a bearish reversal candlestick pattern that occurs after a price advance.

The hanging man pattern is just a warning. The price must move lower on the next candle in order for the hanging man to be a valid reversal pattern. This is called confirmation.


Furthermore we opened a CME Futures Gap at around 11700 - 11600. This is our first Target.

After that we can make a move towards 12400 - 12600 OR go directly for the second target 10600 -10800.



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